5 Hot Cars -- in India
MUMBAI (TheStreet) -- India loves small cars -- very small cars -- and automakers love India.
Small cars account for nearly three-quarter of auto sales in India, where a lot of the competition is provided by two-wheeled vehicles.
What automakers love are the bodacious growth opportunities.
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For instance, auto sales in India in 2009 totaled 1.43 million, or about a tenth of the total in China. Another favorite stat: Just 11 out of every 1,000 people in India own a car.
Among the companies poised to grow is Ford (F), which holds just a 1.4% market share there. So it's not surprising that Ford recently reported a 237% sales increase in India from April through September, the first half of the current financial year. Ford sales totaled 47,902 vehicles. The company is benefitting from sales of its Figo, launched in March. In September, Ford India sales rose 146% to 8,380 vehicles. Meanwhile, General Motors, whose Chevrolet brand has been in India for seven years, said its September sales rose 13% to 8,617 units, led by 2,730 Chevrolet Beats. Its Chevrolet Cruze sold 847 units. Read on for the five best-selling vehicles in India, in terms of sales through August, as compiled by J.D. Power.Select the service that is right for you!
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